Catenaa, Sunday, April 06, 2025-MARA Holdings, the largest publicly traded bitcoin miner, is launching a $2 billion stock offering to expand its bitcoin holdings and fund operations.
The company filed its prospectus with the SEC, stating that proceeds will support “general corporate purposes,” including additional BTC acquisitions. MARA currently holds 46,374 BTC, worth about $3.8 billion.
MARA’s stock dropped 8.58% on Friday and is down 27.54% year-to-date. The move follows GameStop’s recent $1.3 billion convertible notes plan for bitcoin purchases.
The move aligns with MARA’s long-term strategy of expanding its bitcoin holdings amid increasing institutional adoption of digital assets.
Analysts suggest the company’s aggressive accumulation of BTC could help mitigate exposure to market volatility while positioning it as a key player in the evolving crypto-mining landscape.
Despite MARA’s expansion plans, the company faces regulatory scrutiny over its mining operations and energy consumption.
Lawmakers and environmental groups have raised concerns about the carbon footprint of large-scale bitcoin mining, prompting discussions around stricter oversight and potential energy use restrictions in key mining hubs.
